By popular demand, NGC is now grading silver-clad proof Eisenhower Dollars that are still sealed in their original U.S. Mint rigid holders. This program includes the silver-clad dollars of 1971-74, coined as proofs by the San Francisco Mint – popularly known as "Brown Box" Ikes for the simulated wood cardboard boxes in which they were delivered by the Mint.
By popular demand, NGC is now grading silver-clad proof
Eisenhower Dollars that are still sealed in their original
U.S. Mint rigid holders. This program includes the silver-clad
dollars of 1971-74, coined as proofs by the San Francisco
Mint – popularly known as "Brown Box"
Ikes for the simulated wood cardboard boxes in which
they were delivered by the Mint.
As the rigid plastic holders for this series of coins
have the same properties and dimensions as the GSA-issued
silver dollars already being graded by NGC, it was a
natural extension to include the popular brown box Ikes.
Legislation passed at the end of 1970 authorized the
coining of dollar coins for circulation for the first
time since 1935. The new coin honored five-star Army
General and U.S. President Dwight David Eisenhower on
its obverse, while the reverse commemorated mankind’s
first visit to the moon in July of 1969, displaying
the logo of Apollo XI. Both sides were the work of U.S.
Mint Chief Engraver Frank Gasparro.
Circulating dollars were issued in November, 1971 and
were minted in the same copper-nickel-clad composition
used for the dime and quarter since 1965. Also included
in this legislation was a non-circulating, silver-clad
version of the Eisenhower Dollar for sale to collectors.
Like the half dollars of 1965-70, these coins were made
from a three-layered strip. The two outer layers were
composed of .800 silver and .200 copper, bonded to a
center strip of .209 silver and .791 copper, for a net
silver content of .400 fine.
Both uncirculated and proof editions of the silver-clad
dollar were coined by the San Francisco Mint from 1971
through 1974, when the program was interrupted by the
special bicentennial coinage. The uncirculated dollars
were sold for $3 apiece and packaged in a transparent
pliofilm envelope that was then inserted into a navy
blue outer envelope. The silver-clad proof dollars were
sold to collectors encased in a transparent, rigid plastic
holder. This fit into a red flocked bed that was held
by a cardboard box with simulated woodgrain finish.
An outer sleeve made of the same cardboard and displaying
a gold, blindstamped seal was slipped over the inner
box to complete the presentation. Priced at $10, a portion
of the proceeds were directed to Eisenhower College,
an institution that later ceased operation.
Following the nation’s bicentennial, when the
silver-clad dollar was offered only in three-piece sets
that included the quarter and half dollars, the coining
of silver-clad dollars was discontinued. The Eisenhower
Dollar went out of production altogether after 1978,
which left only four dates of "brown box"
Ikes for collectors. In recent years these have become
very popular, particularly when found in their original
U.S. Mint packaging.
Due to this popularity, NGC will now grade proof, silver-clad
Ike Dollars still in their rigid, plastic holders. A
tamper-evident label bearing the coin’s date,
mint, grade and identification number will be wrapped
around the mint holder as shown in the attached illustration.
Another seal will be placed across the top of the holder
as a further safeguard against tampering. Because NGC
does not seal these coins itself, however, the grades
assigned are offered simply as a service to collectors
and dealers, and no grading guarantee will apply.
Brown Ikes may be submitted to NGC under any of its
applicable tiers, including the low-cost Modern Tier.
The usual fees and minimum quantities will apply, and
these coins must be submitted on invoices separate from
other submissions. Those interested in making bulk submissions
should call NGC for rates and instructions. Since NGC
cannot return the outer packaging, such as the red liner
and brown box, submitters should send NGC only the rigid
plastic holders containing the coins.